ANNUAL REPORT OF THE SECRETARY AND TREASURER.
To the Officers and Members of the Institute.
Gentlemen:—I have the honor to submit the following report of the business transactions of this office for the year ending December 31, 1887.
ITEMIZED CASH STATEMENT.
Receipts.
Items. | First | Second | Third | Fourth | Totals. |
Dues | $637.03 | $602.50 | $423.00 | $244.23 | $1,906.76 |
Subscription | 136.40 | 20.65 | 501.25 | 103.75 | 762.05 |
Sales | 455.24 | 208.91 | 85.13 | 150.97 | 900.25 |
Life-membership fees | 174.00 | 90.00 | 90.00 | 90.00 | 444.00* |
Interest on bonds | 33.63 | ……… | 27.25 | 20.86 | 81.74 |
Binding, extra | 9.25 | 9.70 | 9.80 | 18.50 | 47.25 |
Sundries | ……… | 1.70 | 5.63 | 3.00 | 10.33 |
Total | $1,445.55 | $933.46 | $1,142.06 | $631.3 | $4,152.38 |
* Six ($6) dollars must be credited to this amount from the balance of cash brought forward from 1886 on account of two years’ advance dues paid by a regular member who afterwards became a life member.
Expenditures.
Items. | First | Second | Third | Fourth | Totals. |
Postage, freight, telegraphing, and incidentals | $66.02 | $83.14 | $45.56 | $44.45 | $239.17 |
Stationery at H. Q. | 57.50 | 8.75 | 11.16 | 9.55 | 96.96 |
Messenger at H. Q. | 65.00 | 80.00 | 90.00 | 108.00 | 343.00 |
Branch expenses | 24.45 | 5.40 | 3.78 | 9.86 | 43.49 |
Extra binding | 67.00 | 10.50 | 5.50 | 38.70 | 121.70 |
Purchase of back numbers | 23.50 | ……… | ……… | 6.50 | 30.00 |
Prize for 1887 | ……… | 102.50 | ……… | ……… | 102.50 |
Publications | 935.55* | 500.00 | 533.70 | 897.87 | 2,867.12 |
Purchase of bonds | 244.00 | ……… | 122.75 | 119.25 | 486.00 |
Rebate on sales, etc. | 15.65 | 4.53 | 3.00† | 225.00‡ | 248.18 |
Advertising | 99.95 | ……… | ……… | ……… | 99.95 |
Office expenses H. Q. | 50.00 | 3.95 | 2.60 | 6.54 | 63.09 |
Total | $1,648.62 | $798.77 | $818.05 | $1,465.72 | $4,731.16 |
* This amount includes that paid for Whole No. 39, which was issued in December, 1886.
†Money order made out payable at Washington returned.
‡To War Department on account of duplicated subscriptions.
Summary.
Balance of cash unexpended for year 1886.................. $730.17
Total receipts for 1887............................................... 4,152.38
Total available cash for 1887...................................... $4,882.55
Total expenditures for 1887....................................... 4,731.16
Cash unexpended January 1, 1887................................ $151.39
Cash held to credit of Reserve Fund............................... 112.12
True balance of cash on hand January 1, 1888.............. $39-27
Bills receivable for sales of No. 43 and reprints made late in December, 205.00 Bills receivable for back dues 823.00
Total assets January 1, 1888.................................... $1,067,27
Bills outstanding for balance due on No. 43 and reprints.. 149.85
Excess of assets over liabilities..................................... $917.42
RESERVE FUND.
On the first day of January, 1887, there were deposited to the credit of the Reserve Fund in the Farmer’s National Bank of Annapolis, Md., for safe keeping, the following bonds: $900 four per cent, consols, registered; $1000 District of Columbia 3.65 per cent., registered, and $350 District of Columbia 3.65 per cent., unregistered; making a total of $2250 (face value). There was also an uninvested balance to the credit of the Reserve Fund of $148.12 at the beginning of 1887. During the year 1887 the Institute acquired 15 new life members whose fees amounted to $450, thus making $598 to the credit of the Reserve Fund for the year. In accordance with Art. VIII. of the Constitution, $486 of this amount was invested in District of Columbia 3.65 per cent, bonds, representing a face value of $400. The total face value of the bonds held by the Institute to the credit of the Reserve Fund on January 1, 1888, is, therefore, $2650, leaving an uninvested balance in cash of $112.12.
The annual interest on these bonds, amounting to $99.88, is available for current expenses, the principal being held in perpetuity to guarantee the life members’ interests in the Institute.
MEETINGS AND PUBLICATIONS.
During the past year nine meetings of the Institute were held at Annapolis, one at the Washington Branch, two at the Newport Branch, and one at the Norfolk Branch.
The quarterly publications were issued as follows: Whole No. 40 in February, whole No. 41 in May, whole No. 42 in August, and whole No. 43 in December. These numbers formed a volume (No. XIII.) comprising 709 pages, not including the Appendix, notices, and plates. During the year the scientific value of these publications found ready recognition, not only among the students of naval and military science, but also among a large number of prominent civil and mechanical engineers, metallurgists, and chemists, both at home and abroad, and we may well take pride in the fact that our quarterly now ranks among the first of the scientific journals of the United States.
In connection with the subject of publications, it may be well to state that, owing to a lack of funds, the Board of Control had to decline during the past year the publication of several papers that would have proved of much interest could they have been printed. An inspection of the summary of the cash statement accompanying this report will show a large amount of dues in arrears at the end of the year 1887. Could this amount have been at the disposal of the Board of Control at the beginning of the year, over 300 pages of interesting matter might have been added to the Proceedings. The prompt payment of all dues in advance at the beginning of each year, as called for by the Constitution, Art. VII., Sec. 8, would obviate this difficulty by insuring a fund upon which the Board could make their estimates in advance for the entire yearly publication. All members, therefore, are requested to give this matter their serious consideration.
Publications on Hand.
The Institute had on hand at the end of the year the following copies of back numbers of its Proceedings:
[TABLE]
1 full set bound in half morocco.
4 Vol. X., Part 1, bound in half morocco.
1 " " 2, " " " "
2 of No. 34, " " " "
9 " " " " full sheep.
8 " " " " half calf.
The archive set complete, Vol. I. to Vol. XIII. inclusive, bound in full turkey.
MEMBERSHIP.
The membership of the Institute to date (March 1, 1888) is as follows: Honorary members, 7; life members, 86; regular members, 573; associate members, 165; total, 831, showing a net increase of 44 members since the last lists of members were published (March, 1887). During the year there have been eleven deaths and five resignations.
The names and addresses of the members that have joined the Institute since March, 1887, are given in the following lists:
Life Members.—12.
* Bicknell, G. A., Lieutenant-Commander, U. S. N.
* Burgdorff, T. F., Assistant Engineer, U. S. N.
Cannet, Gustave, Ingénieur Chef du Service d’Artillerie de la Ste. des Forges et Chantiers de la Mediterranée, 1 rue Vignon, Paris, France.
Carington, H. S., Secretary, Sir Joseph Whitworth & Co., Limited, Openshaw, Manchester, England.
Case, A. L., Jr., No. 219 Benefit Street, Providence, R. I.
Gledhill, M., Manager, Sir Joseph Whitworth & Co., Limited, Openshaw, Manchester, England.
†Hutchins, C. T., Lieutenant-Commander, U. S. N.
* Jackson, J. B., No. 126 East 35th Street, New York, N. Y.
* McCrackin, Alex., Lieutenant, U. S. N.
Metcalf, William, Pittsburgh, Pa.
Pinn, J. F., Japan Herald, Yokohama, Japan.
*Wood, Spencer S., Ensign, U. S. N.
Regular Members.—16.
Bailey, F. H., Passed Assistant Engineer, U. S. N.
Baxter, W. J., Assistant Engineer, U. S. N.
Chase, V. O., Ensign, U. S. N.
Clark, N. B., Chief Engineer, U. S. N.
Haywood, Charles, Colonel, U. S. M. C.
Henderson, Richard, Lieutenant, U. S. N.
Hodgson, A. C., Lieutenant, U. S. N.
Lasher, O. E., Lieutenant, U. S. N.
Low, W. F., Lieutenant, U. S. N.
Pemberton, J., Passed Assistant Engineer, U. S. N.
Peters, G. H., Lieutenant, U. S. N.
Skelding, Henry T., Paymaster, U. S. N.
Very, S. W., Lieutenant-Commander, U. S. N.
Williams, C. S., Ensign, U. S. N.
Wyckoff, Ambrose B., Lieutenant, U. S. N.
Young, Lucien, Lieutenant, U. S. N.
Associate Members.—38.
Abbot, Henry L., Colonel and Brevet Brigadier-General, Engineer Corps, U. S. A.
Aspinwall, William H., No. 25 East 10th Street, New York.
Camera, Manuel de La, Captain, Spanish Navy, Naval Aliaché, Spanish Legation, Washington, D. C.
Canfield, A. Cass, Commo. S. C. Yacht Club, No. 60 W. 54th Street, New York.
Collins-Stanforth, F. S., Union Club, New York.
Cowles, Alfred H., McRea Block, Lockport, N. Y.
Cowles, Eugene H., No. 47 Windsor Street, Cleveland, Ohio.
Davin, A., Lieut, de Vaisseau de la Marine Française, Paris, France.
D’Oremieulx, L. F., Secretary, S. C. Yacht Club, No. 7 East 32d Street, New York.
Drayton, Percival L., Union Club, New York.
Edison, Thomas A., Orange, N. J.
Gaskin, Edward, No. 878 West Avenue, Buffalo, N. Y.
Hale, Irving, 1st Lieutenant, U. S. Engineer Corps.
Hall, Henry P., Sheffield Scientific School, New Haven, Conn.
Howland, M. Morris, University Club, New York.
Krupp, Fried., Essen, Germany.
Leavitt, E. D., No. 2 Central Square, Cambridgeport, Mass.
Lee, C. S., Union Club, New York.
Lotin, Captain, French Army, Military Attaché, French Legation, Washington, D. C.
Lyman, Thomas C., No. 8 East 65th Street, New York.
McClellan, William B., Secretary, Dorchester Yacht Club, No. 52 Monadnock Street, Dorchester, Mass.
MacMurray, J. W., Major, U. S. A., Presidio, San Francisco, Cal.
Meatyard, E. B., Lake Geneva, Wis.
Mendenhall, T. C., President, Rose Polytechnic Institute, Terre Haute, Ind.
Metcalf, Henry, Captain, U. S. A.
Otis, Charles A., Otis Steel Manufacturing Co., Cleveland, Ohio.
Peck, Chas. F., Dwight Place, Englewood, N. J.
Richards, Joseph W., M. A., A. C., Lehigh University, South Bethlehem, Pa.
Shibayama, M., Captain, I. J. N., Naval Attaché, Japanese Legation, Washington, D. C.
Snow, J. H., General Superintendent, National Transit Co., No. 26 Broadway, New York.
Stephens, William P., Yachting Editor, Forest and Stream, No. 39 Park Row, New York.
Stevenson, Charles A., No. 57 Beaver Street, New York.
Stewart, W. A. W., No. 49 Wall Street, New York.
Tams, J. Fred., Fleet Captain, S. C. Yacht Club, No. 76 Wall Street, New York.
Uberroth, Preston H., Lieutenant, U. S. R. M.
Waldo, Leonard, Dr., Electrical Engineer, Scoville Manufacturing Co., Waterbury, Conn.
Washington, Henry S., A. B., S. F., No. 174 Orange Street, New Haven, Conn.
Woodbury, John McGaw, M. D., No. 1205th Avenue, New York.
Members Deceased since March 1, 1887.—11.
William Denny, Dumbarton, Scotland.
Lieutenant John W. Danenhower, April 20, 1887.
Surgeon Horatio N. Beaumont, April 30, 1887.
Chief Engineer H. L. Snyder, June 30, 1887.
Chief Engineer W. L. Nicoll, July 2, 1887.
Chief Engineer W. D. Smith, Sept. 11, 1887.
Rear-Admiral J. R. M. Mullany, Sept. 17, 1887.
Passed Assistant Paymaster W. C. McGowan, Dec. 25, 1887.
Rear-Admiral C. H. Wells, Jan. 28, 1888.
G. Willamov, Russian Consul-General, Roumania, Feb., 1888.
Chief Engineer H. S. Davids, Feb. 8, 1888.
Before concluding this report, I wish to acknowledge my indebtedness to the various Corresponding Secretaries for the cordial and efficient assistance they have rendered me in conducting the business affairs of this office during the past year. Much of the present prosperity of the Institute is undoubtedly due to the gratuitous and oftentimes very arduous duties performed by these gentlemen, and too much credit cannot be given them for the faithful and zealous manner in which they have always guarded the interests entrusted to their care.
Very respectfully,
Chas. R. Miles, Lieut., U. S. N.
Secretary and Treasurer.
Annapolis, Md, March 1, 1888.